Columbus Macro LLC Has $2.08 Million Stake in TotalEnergies SE (NYSE:TTE)

Columbus Macro LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 56.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,206 shares of the company’s stock after buying an additional 13,739 shares during the quarter. Columbus Macro LLC’s holdings in TotalEnergies were worth $2,082,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TTE. CWA Asset Management Group LLC acquired a new stake in shares of TotalEnergies in the third quarter valued at approximately $823,000. Crossmark Global Holdings Inc. boosted its position in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the period. Logan Capital Management Inc. increased its holdings in shares of TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares during the last quarter. FMR LLC raised its position in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. Finally, Equity Investment Corp lifted its stake in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after buying an additional 41,564 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.8 %

TTE opened at $57.59 on Tuesday. The company’s 50 day moving average is $56.64 and its 200-day moving average is $62.74. The company has a market cap of $136.00 billion, a P/E ratio of 8.17, a PEG ratio of 2.02 and a beta of 0.61. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 34.75%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank lowered their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.